Library of Commerce Volume 1; Practical Theoretical, and Histocial (Paperback)

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1845 Excerpt: ...the whole question of the Corn Law. During the present period an important change was made in the mode of striking the average prices of corn and grain. The twelve maritime districts of England, and the four similar districts of Scotland, ceased to be regarded as sixteen separate sections, each of which was regulated by the prices prevalent within its separate limits; but for England, the averages, taken as before, were computed for the whole of the twelve districts at once, and the average price obtained from the computation regulated importation and exportation at seaports situate in any part of the country; and for Scotland the same plan was pursued. The six weeks' averages, struck quarterly, regulated the import duty, and the weekly average the exports. In 1806 was passed " An Act to permit the free Interchange of every Species of Grain between Great Britain and Ireland." Ireland had been previously treated as a colony, but this act placed her on an equality with other parts of the kingdom, and, for oats, has rendered Ireland the granary of England. In 1838 nearly two million quarters (1,948,380) of oats and oatmeal were imported into Great Britain from Ireland, and the supply is yearly increasing: the imports of wheat from the sister kingdom have been gradually diminishing since 1832, when the quantity was 552,741 quarters. CHAPTER VII. SIXTH PERIOD. FROM 1815 TO 1822. The new importation act of 1815--Average prices of the previous year--Popular commotion--Appeal to military force--Protest of the minority against the passage of the bill--Restrictive character of the act--Regulation of prices, and their fluctuating character--Fresh proposals in Parliament--Huskisson's resolutions, fcc--New project of the Committee in 1821--Plans for the allevi...